CLOWD9, the world’s first cloud native, cloud certified, decentralized, payments processing platform, has today announced the appointment of Peter Selman as Chairman.
As a co-founder of the business, Peter provides strategic counsel and direction to CLOWD9, drawing on his extensive background in global finance. As Chairman, he will work closely with CEO Suresh Vaghjiani, as the business, which launched in October, continues to build scale across its global platform.
In a career that spanned more than 22 years across New York and London at Goldman Sachs, and in his role as head of Global Equity Derivatives, Peter was instrumental in building a number of products and services, embracing and expanding the use of technology to help meet client needs across different jurisdictions.
Prior to his role at CLOWD9, he was Global Head of Equities at Deutsche Bank, where he led a significant re-engineering of the business, as well as acting as co-head of Americas markets. Outside of CLOWD9 Peter is the head of the New York Committee for Cambridge in America, a board member of the Sutton Trust and Managing Partner at SEDA Experts. Peter earned an MA in Economics from Cambridge University in 1994.
Founded by Suresh Vaghjiani, Cosmo Spens, Artur Grabowski, Robert Hampel, and Peter Selman, CLOWD9 was created to transform the technology that underpins the global payments system. To date, innovation in payments technology has predominantly focused on front-end systems, leaving back-end systems fragmented and lacking truly global solutions. Built entirely in the cloud, CLOWD9 has removed the need for physical hardware. Its decentralised model allows virtual access to the platform around the world, via ‘instances’, with payments transactions routed to the nearest cloud instance, providing unparalleled reliability and speed to market.
Suresh Vaghjiani, CLOWD9 founder and CEO said: “Peter has already played an instrumental role in building the business, and I look forward to his continued strategic counsel as our Chairman. Throughout his career, Peter built and led a variety of innovative global teams and businesses blending technology with the cutting edge of finance - that experience and expertise is, quite simply, invaluable for CLOWD9 as we continue to grow our business.”
Peter Selman, Chairman of CLOWD9, said: “The momentum we have already seen behind CLOWD9 is impressive, successfully building a platform from first principles that brings payments processing into the modern age and establishing ourselves as a genuine challenger to the current operating model. This has all been made possible by the experience and dedication of the team, and the traction we are already seeing with clients is testament to the need for a new generation of payments platform. I am unbelievably excited by the potential of the business and look forward to supporting its continued success.”